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Cap ‘stabledrop’ U-turn sees cUSD drop $23M, founder denies self dealing claims

Cap’s founder took to X to apologize for a u-turn on the long anticipated “stabledrop” and distance himself from a notorious wallet address.

Single address votes 99.9% to drain BONK treasury of $21M

A vote was put to BONK holders last week, with one voter making up 99.9% of the turnout and sending 4.4T tokens to an unknown address.

Losses totalling $8M kick off the week’s DeFi security news, while a bug on Aptos put “most assets across all chains” at risk.

Last week, the Ethereum Name Service DAO faced an attempt to “steal its treasury,” and the Ethereum Foundation announced a 20% staff cut.

The DAO behind notorious privacy protocol Tornado Cash has received a proposal that would replace key addresses with spoofed lookalikes.